What is the level of? brenmar inventories

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The Brenmar Sales Company had a gross profit margin? (gross profitsdivided by÷?sales) of 32% and sales of $ 9.4 million last year. 76 percent of the? firm's sales are on? credit, and the remainder are cash sales. ? Brenmar's current assets equal $ 1.7 ?million, its current liabilities equal $296,800?, and it has $100,700 in cash plus marketable securities.

a. If? Brenmar's accounts receivable equal $562,800 what is its average collection? period?

b. If Brenmar reduces its average collection period to 20 ?days, what will be its new level of accounts? receivable?

c. ?Brenmar's inventory turnover ratio is 8.6 times. What is the level of? Brenmar's inventories?

Reference no: EM131958126

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